Titan Trust Bank Limited agreed to acquire 83.39% stake in Union Bank of Nigeria Plc (NGSE:UBN) from Union Global Partners Limited, Atlas Mara Limited (OTCPK:AAMA.F) and others on December 23, 2021. Rothschild & Cie SCS acted as financial adviser, Mike Weir, Melissa Butler, Hyder Jumabhoy, Jonathan Rogers and Will Smith of White & Case LLP and Banwo & Ighodalo acted as legal advisers respectively, to the selling shareholders of Union Bank. Citigroup Global Markets Limited acted as financial adviser, Pricewaterhouse Coopers as due diligence partner, Bayo Odubeko of Norton Rose Fulbright LLP, Drew Law Practise and G. Elias & Co. acted as legal advisers respectively to TTB.

Titan Trust Bank Limited completed the acquisition of 93.41% stake in Union Bank of Nigeria Plc (NGSE:UBN) from Union Global Partners Limited, Atlas Mara Limited (OTCPK:AAMA.F) and others on June 2, 2022. The transaction has received all the required regulatory approvals.